Clean energy start-ups graduate TechX accelerator

The Net Zero Technology Center’s fourth cohort of 12 start-ups have graduated from the TechX Clean Energy Accelerator after an intensive 15-week program.

From a low-cost floating wind turbine design that boosts performance, to floating buoys that provide cost-effective 5G and submersibles that host worker robots for remote subsea inspection, the latest cohort encapsulates the role start-up founders can play in shaping the future of clean energy.

The program concluded on Friday with a demonstration day, giving the companies a chance to pitch their innovations to industry professionals and investors.

Since starting the program in February, the companies have already raised over £ 5.2m in equity.

As the recent cohort now joins an elite alumni of start-ups, TechX will continue to work with them for a further two years to ensure continued growth. Since 2018, TechX has supported 45 companies, providing 4.5m in funding, while previous cohort start-ups have collectively raised £ 33m in equity.

TechX director Mark Anderson commented: “A key ingredient in a successful accelerator is the quality of the tuition and experience, which TechX along with its global partners offer.

“In the last 15 weeks, our latest cohorts have grasped the wide array of opportunities that come with TechX.”

Chief executive Colette Cohen added: “It was inspiring to see a significant leap in gender diversity in our recent cohort, with 42% of the cohort female led or co-led.

“The innovation and rapid growth of TechX’s fourth cohort illustrates why industry should embrace an inclusive workforce that prioritizes diversity of thought.”

TechX partners BP, Equinor and ADNOC recognized the latest cohort’s achievements, funding cash prizes and awarding the Best Net Zero Technology Prize of 100,000 to RepAir Carbon Capture, and the Most Disruptive Technology Prize of £ 100,000 to PJP Eye.

In addition, TechX awarded the Best Performance Prize to Aquature, with its technology to produce green hydrogen from wastewater.

Applications for the fifth cohort of the TechX Clean Energy Accelerator will open on 11 July.

The Net Zero Technology Center develops and deploys technology to accelerate an affordable net zero energy industry. Founded in 2017, the center was created as part of the Aberdeen City Region Deal, with £ 180m of UK and Scottish government funding.

Don’t miss the latest headlines with our twice-daily newsletter – sign up here for free.

.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
%d bloggers like this: